Examples of Intercreditor Agreement in a sentence
Notwithstanding any provisions of this Instrument or any of the other Loan Documents to the contrary, it is understood and agreed that the lien, terms, covenants and conditions of this Instrument are and shall be subordinate in all respects, including in right of payment, to the Bond Mortgage, subject to the terms of the Intercreditor Agreement.
Nonetheless, Operator shall comply at all times with the Required Intercreditor Agreement then in effect.
So long as the AR Loan is outstanding, or is replaced with one or more loans from another Eligible AR Lender, whether before, concurrent with or at any time after the Eligible AR Loan is indefeasibly satisfied in full, the relative priorities of Lender and the Eligible AR Lender in and to the Accounts and certain other assets of Operator shall be established and governed by the terms of the Required Intercreditor Agreement.
The Required Intercreditor Agreement shall not be considered one of the Loan Documents.
All capitalized terms used, and not otherwise defined, herein shall have the meanings provided for in the Intercreditor Agreement.